Chartwell Investment Partners LLC Has $23.60 Million Stake in Integrated Device Technology Inc (IDTI)

Chartwell Investment Partners LLC lowered its position in Integrated Device Technology Inc (NASDAQ:IDTI) by 3.5% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 793,725 shares of the semiconductor company’s stock after selling 28,770 shares during the period. Integrated Device Technology makes up about 0.8% of Chartwell Investment Partners LLC’s portfolio, making the stock its 11th largest position. Chartwell Investment Partners LLC owned approximately 0.60% of Integrated Device Technology worth $23,597,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of IDTI. Public Employees Retirement System of Ohio grew its position in shares of Integrated Device Technology by 15.7% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 4,935 shares of the semiconductor company’s stock worth $127,000 after buying an additional 670 shares during the last quarter. Advisor Group Inc. grew its position in shares of Integrated Device Technology by 13.7% in the 2nd quarter. Advisor Group Inc. now owns 4,964 shares of the semiconductor company’s stock worth $129,000 after buying an additional 600 shares during the last quarter. Thompson Davis & CO. Inc. grew its position in shares of Integrated Device Technology by 285.7% in the 4th quarter. Thompson Davis & CO. Inc. now owns 6,750 shares of the semiconductor company’s stock worth $201,000 after buying an additional 5,000 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Integrated Device Technology by 47.1% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,623 shares of the semiconductor company’s stock worth $227,000 after buying an additional 2,441 shares during the last quarter. Finally, Fortaleza Asset Management Inc. grew its position in shares of Integrated Device Technology by 50.7% in the 3rd quarter. Fortaleza Asset Management Inc. now owns 8,905 shares of the semiconductor company’s stock worth $237,000 after buying an additional 2,995 shares during the last quarter. 96.22% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Integrated Device Technology Inc (NASDAQ IDTI) opened at $27.88 on Thursday. The firm has a market cap of $3,637.96, a P/E ratio of -929.02, a price-to-earnings-growth ratio of 2.68 and a beta of 1.96. Integrated Device Technology Inc has a 12-month low of $22.70 and a 12-month high of $34.13. The company has a debt-to-equity ratio of 0.69, a quick ratio of 5.01 and a current ratio of 5.62.

Integrated Device Technology (NASDAQ:IDTI) last released its earnings results on Monday, January 29th. The semiconductor company reported $0.42 earnings per share for the quarter, topping the consensus estimate of $0.41 by $0.01. Integrated Device Technology had a negative net margin of 0.33% and a positive return on equity of 20.26%. The company had revenue of $217.10 million for the quarter, compared to the consensus estimate of $215.32 million. During the same quarter in the previous year, the firm earned $0.35 EPS. Integrated Device Technology’s revenue was up 23.1% compared to the same quarter last year. equities analysts expect that Integrated Device Technology Inc will post 1.15 earnings per share for the current year.

In other Integrated Device Technology news, SVP Sailesh Chittipeddi sold 5,045 shares of Integrated Device Technology stock in a transaction that occurred on Tuesday, January 30th. The shares were sold at an average price of $31.23, for a total transaction of $157,555.35. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Gregory L. Waters sold 10,000 shares of Integrated Device Technology stock in a transaction that occurred on Tuesday, February 6th. The shares were sold at an average price of $28.33, for a total transaction of $283,300.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 91,120 shares of company stock valued at $2,897,646. Company insiders own 1.24% of the company’s stock.

A number of research analysts have recently issued reports on the stock. BidaskClub raised shares of Integrated Device Technology from a “hold” rating to a “buy” rating in a research report on Wednesday, January 24th. KeyCorp reaffirmed a “buy” rating on shares of Integrated Device Technology in a research report on Monday, January 29th. Craig Hallum reaffirmed a “buy” rating and issued a $40.00 price objective (up previously from $36.00) on shares of Integrated Device Technology in a research report on Tuesday, January 30th. Needham & Company LLC reaffirmed a “buy” rating and issued a $38.00 price objective (up previously from $36.00) on shares of Integrated Device Technology in a research report on Tuesday, January 30th. Finally, ValuEngine raised shares of Integrated Device Technology from a “hold” rating to a “buy” rating in a research report on Friday, November 10th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and ten have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $33.38.

WARNING: This article was reported by Week Herald and is owned by of Week Herald. If you are accessing this article on another domain, it was illegally stolen and republished in violation of United States and international trademark and copyright laws. The original version of this article can be accessed at https://weekherald.com/2018/02/15/chartwell-investment-partners-llc-has-23-60-million-stake-in-integrated-device-technology-inc-idti.html.

Integrated Device Technology Profile

Integrated Device Technology, Inc develops system-level solutions that optimize its customers’ applications. The Company operates through two segments: the Communications, and the Computing, Consumer and Industrial. It offers products in radio frequency (RF), timing, wireless power transfer, serial switching, interfaces and sensing solutions.

Want to see what other hedge funds are holding IDTI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Integrated Device Technology Inc (NASDAQ:IDTI).

Institutional Ownership by Quarter for Integrated Device Technology (NASDAQ:IDTI)

Receive News & Ratings for Integrated Device Technology Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Integrated Device Technology and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply